Iraq breaks ground on $6 billion Karbala refinery

The project will cost $6 billion and result in a facility that produces 140,000 bpd.

Keywords:

Iraqi Prime Minister Noori Al-Maliki and his government have an
agreement with a South Korean consortium to build a new refinery in Karbala. Costs are
expected to be in the $6 billion range, resulting in a facility
that produces 140,000 bpd. Hyundai Engineering and Construction will be the project leader.

"We are late in the building of this refinery, which was not our desire,
but it is a consequence of the circumstances that faced the
country, like the inheritance of the previous Baath regime
policies of sabotage," Mr. Al-Maliki said at a groundbreaking
ceremony.

Today we are putting the corner stone to build the
refinery which is considered as the newest and most developed
in Iraq and has a production power that can meet the needs of
the governorate and the other Middle Euphrates areas,
said Iraqi Deputy Prime Minister for Energy Hussain
Al-Shahristani.

The Karbala refinery is a centerpiece of
the Al-Maliki governments stated goal to convert Iraq
from a country that imports most of its oil products to a
country that supplies its domestic market and still has
quantities allowing it to become a net exporter.

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Al Hamdu Lel Allah and a very BIG thank you and Welcome to Hyundai Engineering and Construction to Iraq. We hope to see more actions like this project rather than just talk. More projects like this one are needed to create jobs and hope for young Iraqis. Let us remember, young people with jobs will be the last to be tempted to carry arms. Happy men live for hope and do not want to go to war! Insha Allah a successful completion of this project

Ahmad Kusha02.27.2014

Congratulation to Iraqi people and good luck for them for a peaceful and secular government

Rimon Vallavanatt02.27.2014

Very good move. Wish the country all the best in it's move to prosperity.